BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
- USDT (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
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High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSDT
ISIN:

BITCOIN - BTC/USDT - Daily - Technical analysis published on 01/03/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 25,273.00 USDT
My targets
36,974.30 USDT (+10.35%)
44,649.10 USDT (+33.25%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USDT. As long as the price remains above the support at 25,273.00 USDT, you could try to benefit from the boom. The first bullish objective is located at 36,974.30 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 44,649.10 USDT as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Currenciesboost. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

BITCOIN - BTC/USDT rating 33,506.85 USDT. On the day, this instrument gained +4.14% and was between 32,000.42 USDT and 34,760.31 USDT. This implies that the price is at +4.71% from its lowest and at -3.61% from its highest.

32,000.42
34,760.31
33,506.85

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this BITCOIN - BTC/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Long white line

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 13,093.50 19,693.00 23,826.90 33,506.85
Change (%) -60.92% -41.23% -28.89% -
Change -20,413.35 -13,813.85 -9,679.95 -
Level Major Intermediate Minor -



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25,370.0827,164.5929,670.0831,464.5933,970.0935,764.6038,270.09
Camarilla30,993.0831,387.2531,781.4132,175.5832,569.7532,963.9133,358.08
Woodie25,725.5827,342.3430,025.5831,642.3434,325.5835,942.3438,625.58
Fibonacci27,164.5928,807.1929,821.9931,464.5933,107.1934,121.9935,764.60


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19,929.7522,812.3327,493.9530,376.5335,058.1537,940.7342,622.36
Camarilla30,095.4330,788.8131,482.1932,175.5832,868.9733,562.3534,255.73
Woodie20,829.2823,262.0928,393.4830,826.2935,957.6838,390.4943,521.88
Fibonacci22,812.3325,701.8527,487.0030,376.5333,266.0535,051.2037,940.73


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,545.2013,571.7021,246.5025,273.0032,947.8036,974.3044,649.10
Camarilla25,703.4426,776.0627,848.6828,921.3029,993.9231,066.5432,139.16
Woodie11,369.3514,483.7823,070.6526,185.0834,771.9537,886.3846,473.25
Fibonacci13,571.7018,041.6020,803.1025,273.0029,742.9032,504.4036,974.30

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 88.47
MACD (12,26,9): 3,071.5300
Directional Movement: 45.05
AROON (14): 92.86
DEMA (21): 30,062.02
Parabolic SAR (0,02-0,02-0,2): 28,398.00
Elder Ray (13): 5,400.92
Super Trend (3,10): 27,967.58
Zig ZAG (10): 33,466.54
VORTEX (21): 1.3800
Stochastique (14,3,5): 92.04
TEMA (21): 31,517.99
Williams %R (14): -10.30
Chande Momentum Oscillator (20): 9,639.47
Repulse (5,40,3): 13.2800
ROCnROLL: 1
TRIX (15,9): 1.6100
Courbe Coppock: 65.00
MA7: 29,625.58
MA20: 25,600.36
MA50: 21,277.15
MA100: 16,979.12
MAexp7: 30,032.86
MAexp20: 26,294.00
MAexp50: 22,152.48
MAexp100: 18,641.41
Price / MA7: +13.10%
Price / MA20: +30.88%
Price / MA50: +57.48%
Price / MA100: +97.34%
Price / MAexp7: +11.57%
Price / MAexp20: +27.43%
Price / MAexp50: +51.26%
Price / MAexp100: +79.74%

Quotes : 2021-01-03 20:47:01 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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